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fintstone fintstone is offline
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Quote:
Originally posted by cool_chick
(1) The U.S. dollar has fallen in value more than 40% during the past two years relative to the Eurodollar. The decline continues and international investors who hold $4.6 trillion in U.S. treasury bills, corporate bonds and stocks are starting to panic. The massive U.S. Federal deficit, the equally massive U.S. trade deficit, and attempts by the government to stem the flow of manufacturing jobs to low cost economies all conspire toward even lower value for the U.S. dollar.

(2) http://www.factcheck.org/article118.html

I went on moveon.org once when republicans were talking about that site. Sorry, not a site i visit. Why do you ask, do you go to that site?
Factcheck.org is equally bad. Very little balance or truth there either.

You seem pretty confused to me. You complain about the value of the dollar against the Euro in the very same breath that you complain about losing jobs overseas. A weaker dollar actually helps retain jobs and balance trade by making US goods more competitive overseas and is often intentional....Also, although the deficit is quite large due to two wars, a recession, and a major terrorist attack in the last four years...it is not too terribly bad historically with respect to GDP (the comparison that most educated people use)
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Old 10-23-2004, 08:01 PM
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